Further bad incentives
Posted by aogMonday, 18 July 2011 at 11:32 TrackBack Ping URL

This comment at Just One Minute makes me wonder about what happens if President Obama decides that he’s not going to win re-election and decides to focus on creating a narcissistic justification for the loss, like demanding massive job killing tax increases in exchange for increasing the debt ceiling. Obama entire has embodied contempt for the common man and disinterest in the actual state of the nation only his only career or psychological state. It’s easy to imagine an “apres moi, le deluge” from him.

On a second note, this is an interesting bit of the comment

Their worst fear is the day Sarah Palin announces, and I have little doubt this small little man will deliberately trash the economy at that point - it won’t take much. Of course, the business world (err.. the real business world) will respond to the possibility of an adult being in charge again

Is it possible that the nomination of Sarah Palin would save Obama’s second term precisely because people think she would win and the markets react to that?

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